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Search Results 0 to 7 of about 8 (some duplicates have been removed)
CSPAN
Dec 30, 2012 10:30am EST
this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state that while the official deadline is the 31st, the true this congress can continue to worked until the new congress comes in january 3rd. we have more like three days. host: joshua gordon, are we going over the cliff? what will it mean if we do? guest: in some sense, we will even if they reach a deal. this is something when you look at the contours' of the deal that have been talking about, there will still be a lot left for future decision making. even if they are able to extend taxes for th
CSPAN
Dec 30, 2012 7:00am EST
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
CSPAN
Dec 30, 2012 2:00pm EST
of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extending that. that is the one that gives the biggest bang for the buck. host: if a deal does get done, how much of the cliff aristo going to be staring at? guest: you are staring at one cliff, the payroll tax cut going away. that is 3% of every wage earner up to $100,000 or so. that will have a big economic impact. you are approaching the debt ceiling cliff which will be another standoff. i assume that is where we will get into the discussion of spending cuts that seems to be absent from whatever deal they are talking about. guest: if there is no deal, the full tax cuts go away. the tax increases and spending cuts will go into effect. about iran fiscal policy given the time. but something in between. maybe the minimum of $200 billion and the maximum of $600 billion. host: some statistics with several charts on how it affects you in your income bracket. the richest 20% with scene increase of about $20,000 increase in taxes owed. for those m
CSPAN
Dec 31, 2012 12:00pm EST
senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will be made permanent, but all of the things tha
CSPAN
Dec 28, 2012 2:00pm EST
fiscal cliff. senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out-of-control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy going again. republicans and the two of us have said we are ready to do a whole variety of things to do this, but we have to address the medicare fiscal cliff, or the seniors or soon thereafter young americans will be pushed over the cliff and will look at us and wonder why we did not do anything. i am proud to join the senator in support of his proposal, and i would like him to describe it and say whatever he would like to say. >> thank you, lamar. it is a tremendous pleasure to serve with lam
CSPAN
Dec 31, 2012 7:00am EST
the fiscal cliff with a well thought out changes throughout the budget on the spending, on entitlements, on taxes. we have to do it all and we have to do it thoughtfully and proactively. what i fear we will see is a grab bag of things that people may want to get rid of. they basically want to make them disappear, so the wave the magic pen and say we will keep the policies in place but we will not pay for it appeared that what i'm afraid we will see. what i hope they will do is put in place the next steps. so if they do something that avert the cliff, which would be a good thing, i hope they have an agreement so january the members come back to town and keep working on this. this is not an issue they can walk away from. until we deal with a fiscal challenges, be cannot deal with any of the problem. we really are devising our economy. the consequences of inaction here on fixing our depth is a and death situation are tremendous. the people who will bear the biggest cost of this is the next generation. i think it reflects an incredible unwillingness to do the right thing by our kids and gra
CSPAN
Dec 28, 2012 1:00am EST
the task before us in reaching an agreement to avert the fiscal cliff. democrats are ready to work and, yes, ready to compromise. we understand we will not get it all our way. the legislative process is about compromise. democracy is about compromise. we have not done much of that this year, and frankly this house has been an extraordinarily partisan house where we passed legislation after legislation which the leadership knew it would not be adopted by the senate and the president would veto it. that has not been a constructive experience for the house or a constructive experience for america. i would hope the speaker today would call the house back into session to address these serious challenges confronting our country and giving confidence to our people, that their government is at work, that their government can work, and that their government will work. thank you very much. questions? yes. >> did you get a communication from the majority leader that they would be coming back? >> they would be discussing it today. i know they are discussing that issue. very frankly, the house has to in
Search Results 0 to 7 of about 8 (some duplicates have been removed)